Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 318 Shares of Philip Morris International Inc. (NYSE:PM)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors cut its position in Philip Morris International Inc. (NYSE:PM) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,317 shares of the company’s stock after selling 318 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Philip Morris International were worth $640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. NewSquare Capital LLC grew its stake in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the last quarter. Investment Advisory Services Inc. TX ADV grew its stake in shares of Philip Morris International by 3.2% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock worth $302,000 after buying an additional 78 shares during the last quarter. Intergy Private Wealth LLC grew its stake in shares of Philip Morris International by 4.3% in the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock worth $236,000 after buying an additional 80 shares during the last quarter. BKM Wealth Management LLC grew its stake in shares of Philip Morris International by 3.4% in the 4th quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock worth $298,000 after buying an additional 81 shares during the last quarter. Finally, Detalus Advisors LLC grew its stake in shares of Philip Morris International by 2.6% in the 4th quarter. Detalus Advisors LLC now owns 3,231 shares of the company’s stock worth $389,000 after buying an additional 81 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Transactions at Philip Morris International

In related news, SVP Yann Guerin sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the transaction, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lars Dahlgren sold 3,679 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now directly owns 26,828 shares in the company, valued at approximately $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 in the last ninety days. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

PM has been the topic of several recent research reports. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Stifel Nicolaus upped their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Morgan Stanley initiated coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Barclays increased their target price on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. increased their target price on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Price Performance

PM stock opened at $151.05 on Friday. The company has a market cap of $234.87 billion, a P/E ratio of 33.49, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $159.51. The stock’s fifty day moving average price is $136.06 and its 200-day moving average price is $129.00.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. As a group, analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.57%. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.